Telkom has warned shareholders that it expects an 85% to 105% decline in headline earnings per share when it reports its results for the 2022/23 financial year next month.
Its basic earnings look even worse, with Telkom warning shareholders to expect a 465% to 485% drop, translating to a R19.59 to R20.66 loss per share. “Shareholders are advised that the board is currently considering an impairment of assets charge in respect of the Group’s cash-generating units, namely Openserve, Telkom Consumer, Gyro and BCX, in the amount of approximately R13 billion ,” Telkom said.
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